Longi(601012)2024-07-09 14:13Financial Performance - Net loss attributable to shareholders is expected to be between RMB 4.8 billion and RMB 5.5 billion for the first half of 2024, compared to a profit of RMB 9.178 billion in the same period last year[2][3] - Adjusted net loss (excluding non-recurring gains/losses) is projected to be between RMB 4.839 billion and RMB 5.539 billion[2][3] - Earnings per share in the same period last year was RMB 1.21[4] Inventory and Market Conditions - Inventory impairment provision is estimated to be between RMB 4.5 billion and RMB 4.8 billion due to significant price declines in the photovoltaic market[5] - Component sales volume increased year-over-year, but revenue did not grow proportionally due to industry-wide supply-demand mismatch[5] Product Development and Innovation - The company launched Hi-M0 9, a new product based on HPBC 2.0 battery technology, with a module power of 660W and conversion efficiency of 24.43%[5] - Mass production of the new Hi-M0 9 product is planned to begin in Q4 2024[5] - The company is focusing on BC technology platform and building a full-scenario product matrix to enhance customer value[5]